Price for Phosphates; N.E.S in Item No. 2835.2 in Kenya - 2022
Contents:
- Price for Phosphates; N.E.S in Item No. 2835.2 in Kenya (CIF) - 2022
- Price for Phosphates; N.E.S in Item No. 2835.2 in Kenya (FOB) - 2022
- Imports of Phosphates; N.E.S in Item No. 2835.2 in Kenya
- Exports of Phosphates; N.E.S in Item No. 2835.2 in Kenya
Price for Phosphates; N.E.S in Item No. 2835.2 in Kenya (CIF) - 2022
In 2022, the average import price for phosphates; n.e.s in item no. 2835.2s amounted to $1,738 per ton, with an increase of 8.7% against the previous year. Over the period under review, the import price, however, recorded a slight shrinkage. The most prominent rate of growth was recorded in 2019 an increase of 17%. Over the period under review, average import prices reached the maximum at $2,091 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($7,560 per ton), while the price for Sweden ($1,021 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+11.7%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Phosphates; N.E.S in Item No. 2835.2 in Kenya (FOB) - 2022
The average export price for phosphates; n.e.s in item no. 2835.2s stood at $1,620 per ton in 2022, surging by 14% against the previous year. In general, export price indicated a modest expansion from 2012 to 2022: its price increased at an average annual rate of +1.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for phosphates; n.e.s in item no. 2835.2s increased by +30.5% against 2019 indices. The growth pace was the most rapid in 2017 when the average export price increased by 23% against the previous year. The export price peaked in 2022 and is expected to retain growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was South Sudan ($3,071 per ton), while the average price for exports to Germany ($823 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Tanzania (+8.9%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Phosphates; N.E.S in Item No. 2835.2 in Kenya
In 2022, approx. 443 tons of phosphates; n.e.s in item no. 2835.2s were imported into Kenya; rising by 79% compared with the previous year. Over the period under review, imports, however, continue to indicate a abrupt downturn.
In value terms, imports of phosphates; n.e.s in item no. 2835.2s surged to $769K in 2022. Overall, imports, however, recorded a pronounced slump.
| Import of Phosphates; N.E.S in Item No. 2835.2 in Kenya (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 442 | 182 | 88.9 | 301 | -12.0% |
| Germany | 0.6 | N/A | 4.6 | 164 | 549.0% |
| Belgium | 0.4 | 0.1 | 1.5 | 63.4 | 441.2% |
| Lithuania | N/A | N/A | N/A | 41.5 | 0% |
| Sweden | 21.3 | 4.1 | 15.6 | 40.2 | 23.6% |
| South Africa | 34.2 | 3.0 | 4.2 | 26.1 | -8.6% |
| France | N/A | N/A | N/A | 19.7 | 0% |
| Israel | 200 | 47.7 | 128 | N/A | -20.0% |
| Turkey | 52.5 | 9.7 | 18.1 | N/A | -41.3% |
| Others | 74.8 | 27.0 | 135 | 114 | 15.1% |
| Total | 826 | 274 | 396 | 769 | -2.4% |
Top Suppliers of Phosphates; N.E.S in Item No. 2835.2 to Kenya in 2022:
- China (227.3 tons)
- Belgium (48.0 tons)
- Lithuania (40.6 tons)
- Sweden (39.3 tons)
- South Africa (24.1 tons)
- Germany (21.7 tons)
- France (17.7 tons)
Exports of Phosphates; N.E.S in Item No. 2835.2 in Kenya
For the fourth consecutive year, Kenya recorded growth in shipments abroad of phosphates; n.e.s in item no. 2835.2s, which increased by 5.7% to 25 tons in 2022. The total export volume increased at an average annual rate of +9.5% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The growth pace was the most rapid in 2020 with an increase of 17% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, exports of phosphates; n.e.s in item no. 2835.2s soared to $40K in 2022. In general, total exports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +19.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +71.3% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 43% against the previous year. Over the period under review, the exports of attained the maximum in 2022 and are likely to see steady growth in the near future.
| Export of Phosphates; N.E.S in Item No. 2835.2 in Kenya (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Tanzania | 6.8 | 23.9 | 24.0 | 31.0 | 65.8% |
| South Sudan | N/A | N/A | N/A | 6.1 | 0% |
| Rwanda | 2.0 | 4.1 | 1.3 | 1.7 | -5.3% |
| Germany | N/A | N/A | N/A | 0.5 | 0% |
| Burundi | 0.6 | 1.4 | 1.2 | 0.4 | -12.6% |
| Uganda | 11.3 | 1.1 | 3.8 | 0.2 | -73.9% |
| Ethiopia | 2.6 | 2.7 | 3.1 | N/A | 9.2% |
| Others | 0.1 | 0.2 | N/A | 0.1 | 0.0% |
| Total | 23.4 | 33.4 | 33.3 | 40.0 | 19.6% |
Top Export Markets for Phosphates; N.E.S in Item No. 2835.2 from Kenya in 2022:
- Tanzania (20.8 tons)
- South Sudan (2.0 tons)
- Rwanda (1.0 tons)
- Germany (0.6 tons)
- Uganda (0.1 tons)
- Burundi (0.1 tons)
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